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he gave America the Ford Mustang and the mini van Lee Iacocca the charismatic US auto industry icon who saved Chrysler from bankruptcy died on Tuesday at the age of ninety four his daughter says he died at his California home of complications from Parkinson's disease during his nearly five decade career in the auto industry that proud son of Italian immigrants made the covers of time and Newsweek he started working at Ford Motor Company in nineteen forty six and worked his way up to company president he's credited with the creation of the Ford Mustang the first vehicle of its kind aimed at baby boomers with the taste for style but a limited budget I a coco was then hired by Chrysler in nineteen seventy eight and became the company's CEO the following year by then the baby boomers had kids and the new C. E. O. sense that the time was right for the first ever family oriented mini van I a coca won a place in business history when he pulled Chrysler from the brink of collapse in nineteen eighty rallying support in Congress for one point two billion dollars in federally guaranteed loans